Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$244,043$67,500
Remaining term (yrs)23.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.800%7.400%
Blended rate3.650%7.640%
1st payment$1,173.30$467.36
2nd payment$0.00$0.00
Taxes / mo$62.50$62.50
Insurance / mo$150.00$150.00
MI / mo$202.26$13.50
HOA / mo$483.00$483.00
Total monthly$2,071.06$1,176.36
Cash to close$0$7,500